Peter Conti
In 1990 Peter Conti jumped into real estate and went from auto mechanic to self made millionaire in 3.5 years. Since then he’s helped thousands of other people transition into commercial and residential real estate. Today Peter limits himself to working one-on-one with a few experienced business clients so they can add real estate as an extra revenue stream onto the success they’ve already experienced. When he’s not traveling to visit his kids and grandkids, Mr. Conti lives on the Chesapeake Bay in Annapolis, Maryland with his wife.
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Why You Must Learn to Buy with No Money Down
It surprises many beginning real estate investors when I recommend they get started investing without using their own money. They find it hard to believe that sometimes having money can be detrimental to learning to be the best real estate investor you can be.It’s just that I’ve seen money used as a crutch to make marginal deals go through. I know I’ve been guilty of getting lazy and throwing money into a deal where a little more imagination and prudent negotiation would have served me better. With an open mind and the right education, no money can be a force…
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What I Wished I Knew When I Got Started Investing
One of the questions I repeatedly get asked by other investors is if I had the chance to start over again, knowing what I know now, what would I do differently the second time through?What a great question. It cuts to the core of what are the essential lessons of a lifetime of investing. Here is my six part answer to this question.Realize It Is Never About the Property, It’s Always About the Motivation of the SellerOne of the biggest misconceptions about investing is that the most critical thing is the property itself-it’s condition and location. The truth is that…
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Wealth Without Risk
Would you like to learn the insider secret about how you can create wealth without risk in real estate? Actually there are three secrets, and you are going to learn all three powerful wealth-creating strategies right now.The benefits to you once you have mastered these concepts are clear: less risk (or even zero risk!) in the deals you do and the confidence to go out and buy more property. How? Because once you learn how to invest risk free, you’ll be making a lot more offers and a lot more money. It is that simple. Remember, the good deals go…
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The Two Most Powerful Words In Any Negotiation
How many times have you put in all the hard work to find a motivated seller only to walk away from the negotiation knowing you could have done better? You did all your homework and due diligence before you met with the seller, but still you didn’t get the best deal possible.I’ve watched hundreds of investors negotiate deals and find that almost all of them (except the most successful ones) chase the deal in the closing stages of the negotiation. This means that they give the final power to say yes or no to a deal over to the seller.…
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The Three Levels of Real Estate Investors
I had a great conversation with a mentorship student yesterday who shared with me how he and his wife are selling their third house (their first two houses they still own) and will net $45,000. It inspired me because I had talked with them over a year ago when they had a tenant/buyer back out of a deal, and they were at an emotional low.Let’s face it, if you’re in real estate long enough, you will have moments of frustration and emotional lows. But the other side is so worth it. You have to look at real estate investing from…
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Six Things I Wish I Knew When I Started Investing in Real Estate
If you had the chance to start over again, knowing what you know now, what would you do differently the second time around? This question cuts to the core of the essential lessons of a lifetime of real estate investing. Here is my six-part answer to this question.Realize It Is Never About the PropertyOne of the biggest misconceptions about real estate investing is that the most critical thing is the property itself–its condition and location. The truth is that these considerations are secondary to the motivation of the seller. If the seller is NOT motivated, then no matter what the…
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Making Money With Out Of State Owners
You are about to learn about one of the best-kept secrets in creative investing. This hidden source of motivated sellers can be one of your biggest money-makers ever! People who own property in your home town but who live out of the area are great leads for you to talk with for three reasons.First, they are having to deal with the property long distance as either a rental property or as a vacant property. This means more headaches, hassles, and bills for them to deal with.Second, they already have another place to live in their new location. This means that…
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Lock in Your Position When Buying Lease Options
If you are buying on a lease option, how do you protect yourself from the buyer backing out of the deal down the road? There are three ways for you to lock in your position:1. Record a “Memorandum of Option.”Or, if you’re lazy, record your option itself down at the county recorders/land records office. This will put a cloud on the title, which makes it hard for the seller to sell or refinance. Notice I said “hard,” not impossible. You still need to take steps two and three below.I have been guilty on deals of skipping steps two and three.…
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How to Sell Your Properties Using Lease Options
Selling one of your properties on a lease-option gives you the biggest benefits of renters and buyers without the downsides that normally go along with selling or renting out your property.When you lease-option your property you get the best parts of having a renter: monthly streams of cash-flow, tax benefits of maintaining ownership, loan amortization, and a healthy chunk of the future appreciation. You get all this without having to deal with the headaches and hassles of traditional renters.When you lease-option your property you get the best parts of having a buyer: a large chunk of money as an up-front…
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How to Make Creative Investing Work For You
Here’s how you can make certain that creative real estate will work for you. You’re taking a step that will move you from the sidelines out onto the playing field. You’re making the change because you’re tired of working a traditional job. Besides, you want some more excitement in your life. As a comparison let’s say you’ve decided to take a shot at becoming a professional baseball player because you love baseball and the money players are making today seems… well, good enough to pay your bills with. To prepare you go down to the batting cages and hit balls…
